Finish blockchain startup Heatledger partners with Paytah to release the public beta of Crypto Fiat Wallet
Heatledger, the Finland-based blockchain startup, in partnership agreement with Paytah, announced the public beta test of its its e-wallet service called Crypto Fiat Wallet. Paytah is a Malta based financial services provider operated by Phoenix Payments Ltd. a MFSA licensed payment institution, according to the public release.
Heatledger, established in 2016, is a global blockchain software company overseeing its public HEAT cryptocurrency and decentralized tokenization platform. Heat Ledger is embodying a completely new way of structuring crypto currency and HEAT readily providing excellent solution for crowdfunding. Heat Ledger is a 3.0 crypto platform with sliced binary blockchain, unlimited scalability, multi-sig currencies and flexible crowdfunding capabilities.
Heatledger has been producing the full software suite for Paytah’s Monetum project. Monetum provides a fully regulated DLT platform that bridges crypto applications and traditional banking services, such as virtual IBAN accounts. The solution is based on Heatledger’s scalable cryptocurrency and decentralized exchange, capable of processing thousands of transactions per second on private networks. Paytah’s Monetum project is currently preparing for its Initial Coin Offering (ICO).
“This launch is a major development in the integration of traditional financial services with the new crypto technology. Likely, it is the first fully compliant client side authenticated fiat e-wallet operated under the regulative umbrella of an EU country,” Svante Lehtinen, Heatledger CEO said.
The resulting e-wallet service, now in private live beta testing phase, will enable users to access their online fiat currency enhanced with features only made possible by the cryptocurrency technology. It is fully client side authenticated, meaning that not even the service provider has access to adjust the user account balances, or initiate transfers from them. This paradigm shift has major implications, for instance by eliminating the risk of misuse through central governance of accounts.
“Ever more cryptocurrency technology is slipping into the traditional financial services field. Heatledger is proud to be part of this transformation and looks forward to successfully keep attracting institutional partners that desire to enjoy the benefits of blockchain tech, and the competitive edge from a first-mover advantage” says Dennis de Klerk, Heatledger CTO.
H.E.A.T. Ledger stands for Heuristically Enhanced Asynchronous Transactions Ledger, embodying a completely new way of structuring cryptocurrency and peer-to-peer decentralized asset ledger. Optimized for speed and architected with custom private chains in mind, HEAT readily provides excellent solution for crowdfunding and IPO arrangements of any size.
To begin using Heatwallet’s crypto tools, secure BTC and Ethereum wallets and decentralized exchange, visit https://heatwallet.com